Whether you are looking for a luxury home or condo, Washington DC is a great place to find one. Not only is there a wealth of luxury real estate in the area, but there are many other benefits to living in the city. Below are some of the top things to look for when shopping for a home in the city.
Sotheby’s International Realty
During 2017, Sotheby’s International Realty sold over $3 billion of luxury real estate. It is the world’s leading luxury real estate network with brokerages in 77 countries. It is also the most successful real estate franchise system in history. This network was designed to connect the world’s best independent real estate companies. It has become a global brand that offers exceptional personalized service and a limitless opportunity to reach your full potential.
The Sotheby’s International Realty brand is a testament to the company’s dedication to service and innovation. The brand has a long association with the auction house Sotheby’s, and offers one of the largest referral programs for luxury listings in the world.
As one of the largest residential real estate companies in the country, Sotheby’s International Realty offers a wide range of luxury properties, including lake homes, ski chalets, and vacation homes. The brand also has a comprehensive listing of international luxury homes for sale.
Toll Brothers
Located in the northwest corner of the country, Washington state offers a thriving job market and a wide array of outdoor activities. It is also a great place to live if you’re interested in the tech industry. The state’s top companies include Nordstrom, Blue Origin, and Facebook. In addition to its natural beauty, the area also features many exciting cultural activities.
Toll Brothers builds luxury communities in desirable locations, including Seattle and Washington D.C. They also offer homes for move-up homebuyers, second home buyers, and empty-nesters. They have a variety of luxury floor plans to choose from. The homes are stylish and are conveniently located near local amenities and schools.
Toll Brothers is a leading luxury home builder, and it also offers a range of services. They have a history of quality craftsmanship and customer service, and they are committed to providing homes that are personalized to your needs.
They are also one of the most successful home builders in Washington state. They have been named several times, including national Builder of the Year.
Upscale Washington, DC
Throughout Washington, DC, there are many luxury homes available. Some of these are in hot neighborhoods like Georgetown, Capitol Hill, or Northwest Washington. Others are in more secluded areas. These homes range from one to thirteen bedrooms.
Many of these homes offer luxury amenities like private stables and roof decks. Other amenities include butler service and valet parking. Other perks include stainless steel appliances and marble countertops.
Many of these homes are available for rent. Typical rents for studios and one-bedroom units are $1,200 to $1,400. For apartments, rents range from $1,500 to $1,700. Mostly young professionals and families live in these neighborhoods.
The Sotheby’s International Realty network lists 2,320 luxury homes in Washington, DC. The listings include detailed descriptions and photos. You can narrow your search by price, number of bathrooms, or amenities. You can also save searches to receive status change alerts.
The Washington, DC area has a high median listing price. The land is worth an average of $1.2 million per acre. This has lured new residents into the area.
Financing options
Investing in a luxury home can be a life-changing experience. However, financing a luxury home can be a real challenge. Often, lenders require high credit scores, down payments, and substantial cash reserves. But, there are ways to make your dream home a reality.
One of the most popular methods for financing a luxury home is to purchase a Jumbo loan. A Jumbo loan allows you to purchase a home with a larger down payment and lower monthly payments. A Jumbo loan is available for homes priced above the conforming loan limit. In most counties, the conforming loan limit is $647,200. However, if you purchase a home in a high-cost county, the conforming limit drops to $891,250.
Another option is to purchase a hard money loan. This type of loan is perfect for investors looking to make a quick profit on a luxury home. However, a hard money loan will require a substantial down payment and a credit score of 700 or higher.
